Acuitas Investments LLC Increases Stock Holdings in PubMatic, Inc. $PUBM

Acuitas Investments LLC boosted its holdings in shares of PubMatic, Inc. (NASDAQ:PUBM) by 142.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 355,651 shares of the company’s stock after acquiring an additional 209,159 shares during the period. PubMatic comprises 1.9% of Acuitas Investments LLC’s portfolio, making the stock its 29th largest holding. Acuitas Investments LLC owned approximately 0.78% of PubMatic worth $2,945,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Roubaix Capital LLC acquired a new position in PubMatic in the 3rd quarter valued at about $2,247,000. CenterBook Partners LP acquired a new stake in shares of PubMatic during the 2nd quarter worth about $2,747,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of PubMatic by 94.5% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 76,276 shares of the company’s stock worth $949,000 after buying an additional 37,067 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of PubMatic during the third quarter worth about $360,000. Finally, ANTIPODES PARTNERS Ltd acquired a new position in shares of PubMatic in the third quarter valued at approximately $158,000. Institutional investors and hedge funds own 64.26% of the company’s stock.

Wall Street Analysts Forecast Growth

PUBM has been the topic of several recent analyst reports. B. Riley Financial raised shares of PubMatic from a “neutral” rating to a “buy” rating and upped their price objective for the company from $10.00 to $10.50 in a research note on Friday, February 27th. Lake Street Capital upgraded PubMatic from a “hold” rating to a “strong-buy” rating in a report on Friday, February 27th. Rosenblatt Securities increased their price target on PubMatic from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Wolfe Research restated an “outperform” rating and set a $14.00 price objective on shares of PubMatic in a report on Monday, January 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of PubMatic in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, PubMatic currently has a consensus rating of “Moderate Buy” and an average price target of $12.63.

PubMatic Trading Down 0.2%

PUBM stock opened at $8.17 on Wednesday. The firm has a 50 day simple moving average of $7.51 and a 200-day simple moving average of $8.25. The company has a market capitalization of $379.25 million, a P/E ratio of -26.35 and a beta of 1.46. PubMatic, Inc. has a twelve month low of $6.15 and a twelve month high of $13.88.

PubMatic (NASDAQ:PUBM) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.13. The firm had revenue of $80.05 million for the quarter, compared to the consensus estimate of $76.12 million. PubMatic had a negative net margin of 5.11% and a negative return on equity of 5.64%. On average, research analysts predict that PubMatic, Inc. will post 0.22 EPS for the current year.

Insider Activity at PubMatic

In related news, CEO Rajeev K. Goel sold 44,000 shares of PubMatic stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $8.92, for a total value of $392,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 431,650 shares of company stock worth $3,421,255 over the last quarter. Company insiders own 26.42% of the company’s stock.

PubMatic Company Profile

PubMatic is a cloud-based digital advertising technology company that provides a supply-side platform (SSP) enabling publishers to automate and optimize the sale of their ad inventory across display, mobile, video and connected TV channels. Its core offerings include real-time bidding infrastructure, header bidding solutions under the OpenWrap brand and data analytics tools that deliver actionable insights on audience engagement and monetization performance. By facilitating seamless auctions and providing transparent reporting, PubMatic helps publishers maximize yield while improving buyer experiences.

Founded in 2006 by Rajeev Goel and a team of ad-tech veterans, PubMatic grew from an early entrant in programmatic selling to a publicly traded company, listing on the Nasdaq (symbol: PUBM) in December 2020.